Relocation NNN Dollar General, 7.2% Cap Rate
10,640 SF | Retail Building | Muldraugh, KY 40155 | $1,246,357 ($117/SF) | 7.20% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,246,357
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 10,640 SF
- Price / Square Foot
- $117
Listing Contacts
Andrew Vu
Verified Profile
- Property Info
Property Overview
TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a solid performing Dollar General Store in Muldraugh, Kentucky. Dollar General has had nearly 30 years of operating success at this location and Relocated to this building built in 2022. The lease runs through March 2037 with five 5-year renewal options and a 10% rent increase for each renewal option. The lease is guaranteed by Dollar General Corporation, which operates over 20,000 stores and has an impressive S&P investment-grade rating of BBB.
Muldraugh is less than 5 miles from Fort Knox Military Base, one of the largest military bases with over 40,000 personnel and families and an annual $1.3 billion economic engine. Prominent local employers include the Fort Knox Military Base, Ford Motor Company Truck Plant, UPS Worldport Hub, and GE Haier’s manufacturing plan. The region is a premier destination for bourbon tourism, featuring key distilleries such as Jim Beam, Wilderness Trail, Four Roses, and Wild Turkey on the Kentucky Bourbon Trail, all accessible within a 1-2 hour drive. The region’s 450 horse farms also solidify its status as the “Horse Capital of the World.”
Broker of Record, C.A.P. Real Estate, KY License #209621
Muldraugh is less than 5 miles from Fort Knox Military Base, one of the largest military bases with over 40,000 personnel and families and an annual $1.3 billion economic engine. Prominent local employers include the Fort Knox Military Base, Ford Motor Company Truck Plant, UPS Worldport Hub, and GE Haier’s manufacturing plan. The region is a premier destination for bourbon tourism, featuring key distilleries such as Jim Beam, Wilderness Trail, Four Roses, and Wild Turkey on the Kentucky Bourbon Trail, all accessible within a 1-2 hour drive. The region’s 450 horse farms also solidify its status as the “Horse Capital of the World.”
Broker of Record, C.A.P. Real Estate, KY License #209621
Property Details
- Class
- B
- Year Built
- 2022
- Stories
- 1
- Property Subtype
- Freestanding, Drug Store
- Lot Size (sq. ft)
- 43,996 SF
Highlights
- LONG-TERM LEASE - 12.8+ Years Absolute NNN. 3 Of 5-Years Renewal Options With 10% Rent Increases
- SUCCESSFUL HISTORY AT LOCATION - For Nearly 30 Years. DG Relocated To This Store In 2022
- NEARBY FORT KNOX ARMY BASE - $1.3 Billion Economic Powerhouse
- KENTUCKY BOURBON TRAIL - Premier Destination For Bourbon Tourism
- “HORSE CAPITAL OF THE WORLD” - 450 Horse Farms In Region
- NATIONAL INVESTMENT-GRADE TENANT - $37B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease
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